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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Temasek, Khazanah tie-up in projects worth S$12.2bln

Posted on 28 June 2011

Singaporean investment firm Temasek Holdings and Malaysian sovereign wealth fund Khazanah Nasional yesterday announced they would jointly develop prime land parcels in both countries in projects worth about S$12.2 billion.
The move comes as the two countries sealed the Points of Agreement on Malayan railway land in Singapore. The two investment giants have established two subsidiaries - M+S and Pulau Indah Ventures - for the purpose. M+S, in which Temasek has a 40-per-cent stake and Khazanah the other 60 per cent, will develop sites in Marina South and the Ophir-Rochor area in Singapore………………………………………..Full Article: Source


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